Foster Victor Wealth Advisors LLC Has $268,000 Stock Holdings in PureCycle Technologies, Inc. (NASDAQ:PCT)

Foster Victor Wealth Advisors LLC reduced its holdings in shares of PureCycle Technologies, Inc. (NASDAQ:PCT) by 17.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,951 shares of the company’s stock after selling 6,000 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in PureCycle Technologies were worth $268,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Algert Global LLC bought a new position in shares of PureCycle Technologies during the second quarter valued at $69,000. Park Edge Advisors LLC acquired a new stake in shares of PureCycle Technologies during the 3rd quarter worth about $100,000. Hsbc Holdings PLC lifted its holdings in PureCycle Technologies by 11.4% during the 2nd quarter. Hsbc Holdings PLC now owns 18,619 shares of the company’s stock valued at $111,000 after purchasing an additional 1,910 shares during the last quarter. Fortis Group Advisors LLC boosted its position in PureCycle Technologies by 12.5% in the third quarter. Fortis Group Advisors LLC now owns 12,359 shares of the company’s stock valued at $117,000 after buying an additional 1,376 shares in the last quarter. Finally, Prospera Private Wealth LLC grew its stake in PureCycle Technologies by 35.9% during the third quarter. Prospera Private Wealth LLC now owns 15,436 shares of the company’s stock worth $147,000 after buying an additional 4,080 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PCT shares. TD Cowen increased their price target on PureCycle Technologies from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Cantor Fitzgerald restated an “overweight” rating and set a $14.00 target price on shares of PureCycle Technologies in a report on Tuesday, November 19th. Finally, Stifel Nicolaus lifted their price target on PureCycle Technologies from $8.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, November 12th.

PureCycle Technologies Stock Down 4.0 %

Shares of PCT opened at $9.38 on Thursday. The business’s fifty day moving average price is $11.08 and its two-hundred day moving average price is $9.50. PureCycle Technologies, Inc. has a 52 week low of $3.75 and a 52 week high of $15.58. The company has a current ratio of 1.74, a quick ratio of 1.63 and a debt-to-equity ratio of 1.36.

PureCycle Technologies Profile

PureCycle Technologies, Inc engages in the production of recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled polypropylene resin that has multiple applications, including packaging and labeling for consumer products, piping, ropes, cabling, and plastic parts for various industries.